All Forum Posts by: Chris Gibbs

I do not own any airbnb at the moment and I see it as a risky investment.  In Portland just in the last few months they put together legislation to ban multiple listings and listings from people that are not living there a certain amount of days of the year.  What could be a great investment one month could be worthless the next due to out of your control circumstances.  I have not heard of CC&R's I was talking about cash on cash return.  I would assume it was much better because it is more involved and intricate business. 

Have you found that owning a hotel is an uphill battle when going against airbnb? What kind of hotel is it? Luxury, mid ranged, or low end? Is your CCR better on the hotel or was it better on with the 50 unit?

I will clarify some things.  I am currently house hacking a triplex.  I will be near by if anything goes wrong and my father in law is a GC so he can and has helped me with the harder stuff.  I listed for 1100 in gresham Oregon and was getting 975 from the previous tenant.  I am using property management software and have been learning from BP with every spare moment for the last year.  I am confident in my ability to manage this property especially because if anything weird comes up or I need clarification I can ask the amazing people here on BP!  Thank you all for your input and I wish you well in your real estate endeavors. 

 I have a handle on all of those things thanks for your concern. I was only asking for others experience with response rates. 

Sounds good I am very new to this and I feel like I priced it well but it was just based off of what else is availible in the area on zillow along with rentometer.  I am about $50 below everyone else.  I will probably just focus on getting the best applicant out of the big pool. 

So I am in the middle of my first turn over for one of my units.  I posted it up on all of the websites and I have gotten around 12 or so responses in the last 48 hours of people wanting to see it.  I was not expecting this many and I am wondering if I have under priced it.  Is it in bad taste to change the rent I am charging?  Should I relist it at a higher amount?  I have sent an email to all of them with my requirements so maybe that will weed out some of the applicants just wondering if it is normal to get this many responses to a listing.

I showed almost equally D C and I

My fiance drives a 17 jetta on lease for 200/m and a 97 ford ranger I got for $500 2 years ago.

I dont do it but I have also heard of salespeople forging pay stubs so they can be approved.  The lending in auto loans is super loose.

 I currently sell cars in Oregon and I cant believe some of the loans that we get approved.  As long as someone has $500 and a job they can buy a car regardless of what the payment is.  I'm talking 25.99% loans, $500 per month payments for people that make 1500 a month GROSS.